malc9141
15 Mar 2015
Re: from Pres.L themselves say customers are demanding lower prices.But how you see the whole picture depends on your investing strategy. Over some years, maybe 5, will you have been better selling Pres.L now at this price and investing somewhere else? Will you make up your loss? (This assumes you're holding a net loss).Because I am staying in. It is now a cheap company. I own part of a cheap company. I know its sound. So I know its returns will be good.If I jump, what do I know?
casabanker
23 Feb 2015
Meteoric rise today I cannot find any reason for today's rise although I haven't examined PRES's website. I'm only glad I bought in at just under 250 including costs. Casa.
janebolacha
17 Feb 2015
from "seeking alpha", pressure on margins From a "seeking alpha" article, an indication of the margin pressures oil services companies will be facing:"CEO of Halliburton, Dave Lesar, warned investors against the tough year ahead for the company, in the company's fourth quarter conference call. Lesar could very well be right about the pains that Halliburton might see in the year ahead. To begin with, there are definite signs of a slowdown in activity in the industry as oil companies have revised their capital expenditure budgets downward. The risk of further reductions in capital expenditures is also possible, especially if oil prices plummet to lower levels. Additionally, the rig count in the industry has also declined dramatically in the past few weeks, according to a Baker Hughes reports. Though the rig count in the industry held up during the company's fourth quarter, we could see the decline in the rig count dent the company's first quarter earnings for the year. The company confirmed that it is in discussion with customers about price discount on it services, with many companies unwilling to execute contracts until service prices are lowered by at least 40%. Since oil companies clearly have the upper hand in this case, and as Halliburton could eventually be seen making concessions for customers, margin contraction could be a prominent feature of the year. In fact, margin weakness could prevail until oil prices rebound and capital budgets are increased, allowing new contracts to be negotiated at relatively better rates in the future."[link]
lambrini girl
08 Feb 2015
Re: Commissioned commentary >>>a much lower share price.<<<u sing it and I'll play it..170 target..
janebolacha
06 Feb 2015
Re: Commissioned commentary This commissioned commentary is forecasting a 10.5% reduction in turnover compared to previous forecasts. With oil companies chopping both capex and opex (figures of 20% to 30% are being mentioned) and with relatively short delivery times for the products supplied by PRES, I'd suggest the reductions in sales are only likely to go one way. Only a rapid and dramatic surge in the price of oil would reverse this. On my own calculations, a 20% fall (which, imo, is not out of the question) would bring after-tax profit down to below £3m or about 21p a share. Margins are under obvious stress, despite what IC say about the company refusing "to endure significant margin erosion just to preserve sales"; indeed, this is obvious from the figures they themselves quote, where a previous estimate of £73m in sales for FY15 would have given PBT of £9m, whereas their latest FY16 estimate gives a PBT of only £8.4m (after the 200k saving on rent) on a similar £73m turnover. These figures would suggest, in fact, that margins are under tremendous pressure. Then, there's a provision of £1.4m in respect of KGTM and other acquisition and reorganisation costs and the complete picture is, to me, looking very sick. I'd be expecting a further profit warning and a much lower share price.All IMHO, DYOR.
IOMINVESTCOM
06 Feb 2015
Telegraph [link]
janebolacha
05 Feb 2015
Commissioned commentary .................so it comes with a health warning, imo![link]
IOMINVESTCOM
05 Feb 2015
Paul Scott's view [link]
janebolacha
05 Feb 2015
Re: Why is this dropping I do have mostly small-cap and mid-cap stocks but, tbh, I'm not really very much into sentiment-driven stocks. I go for value, trying to be ahead of the game and ahead of others, in buying as well as in selling and that works very well for me. I don't have the temperament for stocks that go from "£1 to £8 and back again". So thanks for the invitation but I'm a solo diva, rather than a band member.
rock-basher
05 Feb 2015
Re: Why is this dropping scanty panti clad I hope?
lambrini girl
05 Feb 2015
Re: Why is this dropping >>>Everyone of us has her or his own approach.For me, it's to research fundamentally the company and its markets <<<thats all well and good jane..BUT(big but)..these smallcaps are 90% sentiment (hence rise ftom £1 to £8 and back again!)..its imperative U have a chart driven strategy to forsee this?...anyhows more importantly can U sing/do u fancy formin a girl band..me ..U..and elena saratova???
zulu principle2
05 Feb 2015
Directors Holding It will be interesting to see if any directors buy meaningful amounts.
janebolacha
05 Feb 2015
Re: Why is this dropping Well, I don't mean that, either.Everyone of us has her or his own approach.For me, it's to research fundamentally the company and its markets so as, perhaps, to be able to be some way ahead of announcements and results.For me, the sp will follow on from that, obviously over a medium-term period.Anyway, to each his own.Good luck with your investing.
IOMINVESTCOM
05 Feb 2015
Re: Why is this dropping Hi janebolacha,Understand you mean when the trading newsflow or results give better guidance on the outlook which is a long way off. Thanks
IOMINVESTCOM
05 Feb 2015
Re: Why is this dropping "Weak" ....hmmm that has me tempted but not quite enough at the moment to press the button!!
